Robert Reich

Robert B. Reich, a co-founder of The American Prospect, is a Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. His website can be found here and his blog can be found here.

Recent Articles

AP Photo/Jacquelyn Martin President Donald Trump's hands are folded as he speaks in the Oval Office of the White House T rump has described the payments his bag man, Michael Cohen, made to two women during the 2016 campaign so they wouldn’t discuss their alleged affairs with him, as “a simple private transaction.” Last Saturday, when ABC’s George Stephanopoulos asked Cohen if Trump knew the payments were wrong and were made to help his election, Cohen replied “Of course. … He was very concerned about how this would affect the election.” Even if Trump intended that the payments aid his presidential bid, it doesn’t necessarily follow that he knew they were wrong. Trump might have reasoned that a deal is a deal: The women got hundreds of thousands of dollars in return for agreeing not to talk about his affairs with them. So where’s the harm? After two years of Trump we may have overlooked the essence of his insanity: His brain sees only private interests transacting. It doesn’t...

Kristoffer Tripplaar/ Sipa via AP Images The headquarters of the General Motors Company at the Renaissance Center in downtown Detroit D onald Trump’s “America first” economic nationalism is finally crashing into the reality of America’s shareholder-first global capitalism. Last week, General Motors announced it would cut about 14,000 jobs, most of them in the politically vital swing states of Michigan and Ohio. This doesn’t quite square with the giant $1.5 trillion tax cut Trump and the Republicans in Congress enacted last December, whose official rationale was to help big corporations make more investments in America and thereby create more jobs. Trump told Ohio residents “don’t sell your homes,” because lost automaking jobs “are all coming back.” GM got a nice windfall from the tax cut. The company has already saved more than $150 million this year. But some of those Ohio residents probably should have sold their homes. Trump is (or is trying to appear) furious, tweeting up a storm...

AP Photo/Evan Vucci President Donald Trump speaks in the Oval Office of the White House. Y ou’re probably hearing a lot about subpoenas. Or you will very soon, once Democrats take control of the House. A subpoena is a legal command from a court or from one or both houses of Congress to do something— like testify or present information . The term “subpoena” literally means “under penalty.” Someone who receives a subpoena but doesn’t comply with it may be subject to civil or criminal penalties . Here’s how it works. Step One : Let’s say the Intelligence Committee of the House of Representatives issues a subpoena to the president for information about alleged conversations with Russian officials seeking their help in the 2016 election. Or say the House Ways and Means Committee subpoenas the president’s tax returns–which, in fact, a law enacted in 1924 after the Teapot Dome scandal of the Harding administration specifically authorizes that committee to do . Step Two : If the person named...

AP Photo/Alex Brandon President Donald Trump arrives to speak during a rally in Biloxi, Mississippi. T he “rule of law” distinguishes democracies from dictatorships. It’s based on three fundamental principles. Trump is violating every one of them. The first is that no person is above the law, not even a president. Which means a president cannot stop an investigation into his alleged illegal acts. Yet in recent weeks Trump fired Attorney General Jeff Sessions, who at least had possessed enough integrity to recuse himself from special counsel Robert Mueller’s investigation into Trump’s possible collusion with Russia in the 2016 election. Trump replaced Sessions with an inexperienced loyalist hack, Matthew G. Whitaker, whose only distinction to date has been loud and public condemnation of that investigation. As a conservative legal commentator on CNN, Whitaker even suggested that a clever attorney general could secretly starve the investigation of funds. There’s no question why Trump...

AP Photo/Richard Drew A board above the floor of the New York Stock Exchange shows the closing number for the Dow Jones Industrial Average. S orry to deliver the news, but it’s time to worry about the next crash. The combination of stagnant wages with most economic gains going to the top is once again endangering the economy. Most Americans are still living in the shadow of the Great Recession that started in December 2007 and officially ended in June 2009. More have jobs, to be sure. But they haven’t seen any rise in their wages, adjusted for inflation. Many are worse off due to the escalating costs of housing, health care, and education. And the value of whatever assets they own is less than in 2007. Which suggests we’re careening toward the same sort of crash we had then, and possibly as bad as 1929. Clear away the financial rubble from those two former crashes and you’d see they both followed upon widening imbalances between the capacity of most people to buy, and what they as...